RECA FUNDAMENTALS EXAM REAL AND ACCURATE QUESTIONS WITH
EXPERT VERIFIED ANSWERS GUARANTEED PASS
Which privacy legislation affects how Alberta real estate professionals handle client
information?
Privacy Information Act
Right to Personal Privacy Act
Personal Information Protection Act
Personal Information Protection and Electronic Documents Act
A) Statements I and II
B) Statements I and IV
C) Statements II and III
D) Statements III and IV
D
When the licence of a real estate brokerage is suspended, what actions must real estate
professionals who are registered with the brokerage take?
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,A) They must cease to trade in real estate
B) They must cancel their authorization with RECA
C) They must apply for withdrawal from the profession
D) They must become registered with another brokerage
A
Which of the following Professional Conduct Review outcomes is issued as a practice guideline
for a technical breach of the legislation?
A) Advisory Note
B) Production Order
C) Letter of Reprimand
D) Administrative Penalty
A
Mary, a real estate professional registered with ABC Real Estate Brokerage, has agreed to
purchase her neighbour's ranch. The seller of the property is not represented by a real estate
professional. What level of disclosure does Mary need to provide?
A) Disclosure level 1
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,B) Disclosure level 2
C) Disclosure level 3
D) No disclosure level
B
Pursuant to the Rules, which of the following is a result of an industry professional's failure to
immediately notify the Executive Director of changes to information provided in support of a
licence application?
A) Executive Director may refer the matter for a Professional Conduct Review
B) Executive Director may suspend the industry professional's licence
C) Executive Director may cancel the industry professional's licence
D) All the statements are correct
D
Stan, a real estate professional registered with McAgent Real Estate Brokerage has just listed his
commercial property for lease with his brokerage. Jim, another real estate professional registered
with the same brokerage tells Stan that he has a client interested in leasing the property. What
level of disclosure is required in this situation?
A) Disclosure level 1
B) Disclosure level 2
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, C) Disclosure level 3
D) No disclosure level
C
With respect to brokerage record keeping, which of the following statements is correct?
Brokerage records must be kept in Alberta
Brokerage records may be maintained in electronic form
Brokerage records must be kept by the brokerage for 3 years
Brokerage records must be accessible to RECA for inspection
A) Statements I, II, and III
B) Statements I, II, and IV
C) Statements I, III, and IV
D) All the statements are correct
D
Which of the following may RECA amend from time to time?
A) The Act
B) The Rules
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EXPERT VERIFIED ANSWERS GUARANTEED PASS
Which privacy legislation affects how Alberta real estate professionals handle client
information?
Privacy Information Act
Right to Personal Privacy Act
Personal Information Protection Act
Personal Information Protection and Electronic Documents Act
A) Statements I and II
B) Statements I and IV
C) Statements II and III
D) Statements III and IV
D
When the licence of a real estate brokerage is suspended, what actions must real estate
professionals who are registered with the brokerage take?
mailto:https://www.stuvia.com/user/techgrades
,A) They must cease to trade in real estate
B) They must cancel their authorization with RECA
C) They must apply for withdrawal from the profession
D) They must become registered with another brokerage
A
Which of the following Professional Conduct Review outcomes is issued as a practice guideline
for a technical breach of the legislation?
A) Advisory Note
B) Production Order
C) Letter of Reprimand
D) Administrative Penalty
A
Mary, a real estate professional registered with ABC Real Estate Brokerage, has agreed to
purchase her neighbour's ranch. The seller of the property is not represented by a real estate
professional. What level of disclosure does Mary need to provide?
A) Disclosure level 1
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,B) Disclosure level 2
C) Disclosure level 3
D) No disclosure level
B
Pursuant to the Rules, which of the following is a result of an industry professional's failure to
immediately notify the Executive Director of changes to information provided in support of a
licence application?
A) Executive Director may refer the matter for a Professional Conduct Review
B) Executive Director may suspend the industry professional's licence
C) Executive Director may cancel the industry professional's licence
D) All the statements are correct
D
Stan, a real estate professional registered with McAgent Real Estate Brokerage has just listed his
commercial property for lease with his brokerage. Jim, another real estate professional registered
with the same brokerage tells Stan that he has a client interested in leasing the property. What
level of disclosure is required in this situation?
A) Disclosure level 1
B) Disclosure level 2
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, C) Disclosure level 3
D) No disclosure level
C
With respect to brokerage record keeping, which of the following statements is correct?
Brokerage records must be kept in Alberta
Brokerage records may be maintained in electronic form
Brokerage records must be kept by the brokerage for 3 years
Brokerage records must be accessible to RECA for inspection
A) Statements I, II, and III
B) Statements I, II, and IV
C) Statements I, III, and IV
D) All the statements are correct
D
Which of the following may RECA amend from time to time?
A) The Act
B) The Rules
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